15 years ago, we set an objective to become the number one performing private equity. Since we set that goal to four funds, we invested after that, have all done 5X or better. How do you do 5X in six years? Well, you go get Navy SEALs to run plumbing companies. That makes perfect sense too. It works pretty well. In your world, there's a bunch of like AI roll-up.

We're going to buy a company.

We're going to throw AI in it and it's going to be awesome. Is that a good strategy? These venture-backed apps, they'll have two million of revenue and a $500 million dollar evaluation and they're going to go to zero. How do you see the world in the market? Where do you see opportunity? Where do you see destruction and where do you see over hype?

Okay, I'll start with over hype. How about that? market. Where do you see opportunity? Where do you see destruction? And where do you see overhype?

Okay, I'll start with overhike. How about that?

I feel like I can rule the world. I know I could be what I want to. I put my all in it like

no days off on a road. Let's travel. All right, well, listen, we have Graham Weaver here today.

You've seen this guy all over YouTube, TikTok, wherever you've been seen. What I'm interested in is, I would have always loved to go to Stanford and go to Stanford Business School. There's probably a lot of people listening to this that kind of wonder, what would it be like? And, you know, that would be cool to be able to go learn from the best at one of the best schools. Well, we get to kind of do that today.

We have somebody who not only is out in the field, you've got a private equity fund that has almost like 20 billion in assets under management, but you also teach at Stanford. And I think today,

it'll be fun if we get to hang out and pick your brain and be students like we're in your class.

Love it. Looking forward to it. You know, what's funny is, like, you, I've watched your talks for a long time, and they're amazing. How to live an asymmetric life was a really good one. How to live your full life. I think that wasn't the exact title one, but that was my takeaway from another talk. And I was doing research on you, and I'm like, I didn't even realize this guy had a PE fund.

And I think that's great that your ideas are actually what you're known for more than your work.

So are you, besides the talks, can you explain with your fund?

How successful are you beyond just the talks?

About 15 years ago, we set an objective to become the number one performing private equity fund in the world as measured by net

MOIC, you know, the return on capital. And our last, uh, since we set that goal, the four funds we

invested after that have all done 5x or better,

or the fourth one's on track to do that. So it's been great. It's all the content that I try

to bring to my talks or to the students at Stanford. I like to think they're really based

in stuff that really works. There's a lot of,

a lot of amazing people that are, have a lot of really good motivational content. I, I like to try mine out in the real world a lot and see what actually, what actually works. And I've, and I think there's, you know, the stuff that I, I try to talk about is, is exactly what we, what we do at Alpine. But yeah, we've had a really great run.

And I'm really proud of how we've done it too.

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